Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Morningstar Questions Fidelity's Culture Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, May 4, 2011

Morningstar Questions Fidelity's Culture

News summary by MFWire's editors

Fidelity's [see profile] size hasn't necessarily translated into it establishing itself as a well-oiled investing machine, Moningstar argues.

The research firm brings into question the firm's PMs playing musical chairs among many of its sector-focused Select funds. Its average manager tenure, at 3.2 years, ranks 24th out of the 25 largest firms, according to the pub. Fidelity's executive team has also been in flux in recent years with new additions of asset management and corporate services presidentRonald O'Hanley, chief investment officerJoe DeSantis, head of fixed income Christopher Sullivan, equity lead Brian Hogan, and international equity chief Bruce Herring all coming on board within the past two years.

And just to rub some more salt on the wound, Morningstar said that Ned Johnson's letters to shareholders "have often demonstrated notably little effort to comment on fund performance, the future of his firm, or investing in general."  

Edited by: Hung Tran


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use